"Hi I work for a Debt Agreement administrator. There are 3 ways to end a debt agreement, you pay it out in full, you can apply to have the agreement terminated (however interest backdates from the start of your agreement), or you can offer to make a…"
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1st home buyer grant
Mum intend to buy a townhouse for me. She lives in another townhouse (where I'm living with her now) in the same suburb . Will I still be eligible for this money from the government as when I read the small print, it says if she comes to live with me, I may not be eligible, but it will be one of her condition that if she is sick or she's too old then I should take care of her.
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Replies to This Discussion
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Permalink Reply by Natalie Bochenski on -
Hi Susan,
This is a question that's probably best answered by a property solicitor.
From what I can tell, if your parents "grant" you money, which you subsequently treat as your own when applying for a loan in your own name, then that should be fine - you'd still be eligible for the grant (as long as of course you haven't bought a home in your own name before).
Considering your Mum's condition that she may come to live with you is essentially a future "what-if", then I doubt you'll have any trouble.
But again, find a good property solicitor who can help you resolve these questions!
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Permalink Reply by Susan MacDonald on -
Thanks very much! One problem is I just accept the offer (whole amount) & bought my dreamt house. Then I realize I should apply a loan in order to qualify for the grant, I'm not greedy, it's just the house needs lots of things to be done that I need the money to replace the stove, the oven, and electrical applicances that I need for a new house. Now I'm living on a mattress!!!
Thanks very much for your advice!
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